Section 450 | Market value of strips etc.

(1)The Treasury may make regulations as to the manner for determining—

(a)the market value at any time of a strip for the purposes of this Chapter, and

(b)the market value at any time of a security exchanged for strips of that security for the purposes of section 445(1).

(2)The regulations may—

(a)make different provision for different cases, and

(b)contain incidental, supplemental, consequential and transitional provision and savings.